What if Bitcoin just hold steady for months and months - page 2.

richardsNY

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Quote from: Washball on January 29, 2018, 05:02:29 PM

The reason why merchants and quit accepting bitcoins as payment, is because of the high volatility.

Nope. Merchants in 99% of the cases accept Bitcoin through a third party payment processor doing all the Bitcoin transaction processing for them. It basically means that merchants are exempt from the volatility. If merchants state that they quit because of the volatility, they are lying. It's either the lack of usage, or a policy change from higher authority. In most cases it's the first mentioned option due to the fees that people need to pay, where on top of that Bitcoin is a valuable asset with a lot forward growth capabilities -- selling or spending Bitcoin for that reason more often than not results in a big disappointment.

Washball

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The reason why merchants and quit accepting bitcoins as payment, is because of the high volatility. And the customers have the same thoughts about the volatility, besides the high fees and lengthy waiting times. So, with the narrowing prices, bitcoin can be used more and more what it was meant for: a decentralized currency.

vhiancs

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

I don't think so, I think maybe all of the new trader getting bored because they have no patient so they getting bored. I think it is best to make the buyer as much as possible, because this circumstances are temporary only. so we should hold our bitcoin until the next pump to gain profit.

Palmerson

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Fluctuations in the price of bitcoin has not stopped. Decreased amplitude. I like the volatility. Experienced traders due to this quality of bitcoin to earn more money than people who hold coins and wait for the growth of their prices. It seems to me that volatility attracts the user. Bitcoin is a universal coin. Everyone for themselves the positive qualities and use them.

Ararbermas

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Patience is the must mate. And dont loss hope because if the price start to rise for sure it will make a new jump again , and it seems the price is not yet ready to surge on this moment. So i think this is a good time to buy more and hold, just remove your doubts and buy what amount you can afford to lose and always make some analysis to prevent regrets.. And also try to invest in alt while the bitcoin price is not yet stable because indeed this is just a temporary circumstances .

rizkyhiw

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What makes you bored, currently so stable bitcoin is good for trader.
They can predict the price forecast to rise.
if bitcoin continues to survive like this then it is not a problem.
The fluctuation of bitcoin will soon return, rising rapidly and falling rapidly as well.

fabiorem

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If it become stable, we trade on altcoins to increase our stashes.

Bitcoin can be stable, but this dont means the other coins would be.

gentlemand

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Quote from: timerland on January 25, 2018, 09:05:47 PM

If bitcoin held steady for months, then it would be awesome and it'll prove to people that bitcoin has matured as a store of value.

Nope. It's nowhere near that. What it would mean is investor boredom. This price level is nowhere near maturity. And 'stability' won't mean people start to use it as a currency. Hardly anyone is interested in it for that function.

A vast amount has happened recently both in price action, Bitcoin's own development and things like futures. That's a lot to digest. I expect a lengthy breather and maybe some price falls and not much else for a good while.

Bitcoin bounced along in the $200s for what felt like forever. Perhaps it'll do that again.

timerland

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Isn't that exactly what everyone wants? Bitcoin stability is one of the things that is seriously affecting the practicality of bitcoin for some merchants. The only reason why they are not willing to use bitcoin at this point is the fact that the price can be extremely unstable at times, and if a downward move happens it'll severely damage their business's cash flow.

If bitcoin held steady for months, then it would be awesome and it'll prove to people that bitcoin has matured as a store of value.

Though, i don't think that the period of volatility is over yet. It is much more probable bitcoin goes up around at least $5-10k before stabilizing, or correcting and stabilizing. Right now, the price is still undervalued.

pinoyden

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Quote from: machinek20 on January 25, 2018, 06:32:57 PM

I think its okay for bitcoin hold steady, as long as the price is not drop severely, I am okay with little drop and little up, since the price is already high compare to last year, just be patience, bitcoin is still through a phase, when everything is back on track you will see bitcoin rise to the moon

same here , i also wanted it to be steady rather than keep fluctuating from time to time and make its price really unpredictable. besides bitcoin still had an amazing gains since last year therfor we should still be thankfull at it in the first place rather than whining and complaining about the major drop that recently occuring. but overall im still hoping that bitcoin could recover back again to its peak price to be able for us to gain a profit again and recover most of our losses from the recent dip.

machinek20

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I think its okay for bitcoin hold steady, as long as the price is not drop severely, I am okay with little drop and little up, since the price is already high compare to last year, just be patience, bitcoin is still through a phase, when everything is back on track you will see bitcoin rise to the moon

Vaskiy

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Quote from: Hannibalis on January 25, 2018, 03:11:51 PM

Bitcoin is not supposed to increase price everyday. we saw longer periods for Bitcoin keeping the same price or even dumping everyday.
Try to be more patient and the moon will come.

Agreed, the price don't increase each and every day. At rare instance such a growth takes place. These days such a growth took place when the price grew towards reaching the ath price. What's happening at present can be termed to be a stabilized growth because almost the price change leading towards growth is not that big.

smith136

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

That's why alts are there, we can't rely forever on bitcoin if we need an investment that could give us good profits. Just try to look around and you'll see some of cryptos that are way more volatile and has more pumps compared to bitcoin in the last few days or weeks.

Rozita

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You should not expect bitcoin price to rise forever. If you mean bitcoin price become constant, note that it's impossible. But the price can become more stable. I think a day it will happen. Now bitcoin price is very volatile. When bitcoin is accepted by governments, news and rumors cannot affect the price very much. Bitcoin will be like gold with many investors.

Hannibalis

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Bitcoin is not supposed to increase price everyday. we saw longer periods for Bitcoin keeping the same price or even dumping everyday.
Try to be more patient and the moon will come.

redhondaxrm125

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Well, this sure is pretty boring. But the thng is, it is still too early for this year's bitcoin price to be shooting up and breaking records by records again. If you wanna invest, it really doesn't matter when since bitcoin will surely go up in the mext few weeks of this year. Because the major problems are being fixed. And if they finish early, this will really make the market cap bigger.

dmamigo

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I liked this stability, it helps in daily or atleast frequent transaction. The confirmation speed is also good enough, better for those who use Bitcoin for transacting other than just trading or investing. Also the volatility mostly shoo away people, who does not have risk taking mentality. Also it is increasing the risk of ban by various countries.

Slow death

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now.

The price has fallen a lot and in January it tends not to go up much, I think this is due to the fact that people use fiat money to pay taxes, there is the Chinese new year and the issue of the regulation that it has in South Korea and in many countries. you will not see many people investing in bitcoin until the situation calms down, see this:

Nasdaq Undecided About Launching Own Bitcoin Futures, ‘Still Evaluating’ Feasibility

They are probably undecided because of regulatory issues.

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

you are evaluating the price daily, evaluate the price monthly or for months and see that even if you evaluate the daily price you will notice that you always have a profit of more than $500. if you want to do day trade, then invest a lot of money so that you will get a lot of profit

Sunnyyy

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I do not think the value of bitcoin will hold a value for months. because bitcoin is really unstable. Value increases or decreases unequally as it is affected by different aspects so it can not hold value for a long time.

zitbau

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If the bitcoin value only holds at a certain price. I think many investors will not choose bitcoin anymore. They will go to another currency. Because bitcoin is very stable and nobody wants to invest in a stable currency because we make a profit by tapping into volatility.

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